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Hovnanian Climbs Off Worst Levels But Remains Firmly Negative

After showed an early move to the downside, shares of Hovnanian (HOV) have climbed off their worst levels but remain firmly negative in afternoon trading on Thursday. Hovnanian is currently down by 5 percent.

The early sell-off by Hovnanian came after the homebuilder reported a wider fiscal first quarter loss on a steep drop in revenue.

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